Finance news sponsored by SBTech

Stockholm-listed operator Angler Gaming has recorded strong growth for the third quarter of 2019 as revenue and net income more than doubled compared to last year, with the company now planning to launch a new online casino and sports betting offering in Sweden.

Stockholm-listed sports betting technology provider Kambi Group has posted a 12 per cent increase in third quarter revenue to €23.0m, benefiting from the launch of its customers across six US states during the period.

Stockholm-listed operator Kindred Group has reported a 2 per cent drop in gross winnings revenue to £226.0m for the third quarter of 2019, with results impacted by the difficult market conditions in Sweden and a lower than usual sportsbook margin in September.

Swedish betting and gaming operator ATG has lauded the performance of its new online gaming and sports betting offering, with revenue in the first nine months of 2019 exceeding the company’s expectations for the full year.